Australian Politics Forum - Final budget result delivers $15.8 billion

Baronvonrort

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Re: Final budget result delivers $15.8 billion
Reply #15 - Sep 30^th, 2024 at 11:04pm

Brian Ross wrote on Sep 30^th, 2024 at 4:16pm:

Labor = sensible spenders spend like sensible accountants.

Voters only remember the last Budget results. Tsk, tsk, tsk... Roll Eyes

AnAl wasted $450 million on his voice

AnAl gave $60 million to PNG for a Rugby team

AnAl has given Palestinians over $92.5 million since Hamas started war on Oct 7th

You can't call that sensible spending

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Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

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Dnarever

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Re: Final budget result delivers $15.8 billion
Reply #16 - Sep 30^th, 2024 at 11:09pm

Baronvonrort wrote on Sep 30^th, 2024 at 11:04pm:

Brian Ross wrote on Sep 30^th, 2024 at 4:16pm:

Labor = sensible spenders spend like sensible accountants.

Voters only remember the last Budget results. Tsk, tsk, tsk... Roll Eyes

AnAl wasted $450 million on his voice

AnAl gave $60 million to PNG for a Rugby team

AnAl has given Palestinians over $92.5 million since Hamas started war on Oct 7th

You can't call that sensible spending

Yet still made a $15 Billion surplus ? That is more than every Liberal PM combined in over 20 years.

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lee Gold Member Offline Australian Politics Posts: 17572 Gender:	Re: Final budget result delivers $15.8 billion Reply #17 - Oct 1^st, 2024 at 11:29am Figures lie, liars figure.
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Dnarever Gold Member Offline Australian Politics Posts: 58468 Here Gender:	Re: Final budget result delivers $15.8 billion Reply #18 - Oct 1^st, 2024 at 11:40pm lee wrote on Oct 1^st, 2024 at 11:29am: Figures lie, liars figure. And Lee waffles and misleads.
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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 84496 Proud pre-1850's NO Voter Gender:	Re: Final budget result delivers $15.8 billion Reply #19 - Oct 2^nd, 2024 at 2:10pm It's not bonus money - it's a forward estimate that will never eventuate.
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thegreatdivide

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Re: Final budget result delivers $15.8 billion
Reply #20 - Oct 2^nd, 2024 at 2:26pm

Brian Ross wrote on Sep 29^th, 2024 at 11:01pm:

Final budget result delivers $15.8 billion 'back-to-back' surplus due to lower spending Cool

Yes - "a surplus" due to lower spending (not higher taxes); and yet, or rather , THAT'S WHY Albo's popularity is falling like a stone, as the cost of living crisis hurts workers.

Poor Graps is confused as usual:

(from the link)

" Its final budget position for the 2023 financial was $15.8 billion, a $6.4 billion improvement on its May forecast."

That's the actual final outcome for the 2023 financial year, not the forecast made in May before the end of the financial year.

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« Last Edit: Oct 2^nd, 2024 at 2:34pm by thegreatdivide »

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Aurora Complexus

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Re: Final budget result delivers $15.8 billion
Reply #21 - Oct 2^nd, 2024 at 3:08pm

Bobby. wrote on Sep 30^th, 2024 at 1:44pm:

Our debt is $1.2 trillion so it will take 1200/15.8 = 76 years to pay off our debt -
if we keep having surpluses like that.

Australian debt clock:

<links stripped to comply with forum rules>

That's not accurate. Inflation (which happens any time there isn't a recession) increase tax take in nominal dollars. The outstanding debt is in nominal dollars.

Moderate inflation is actually a good thing. No reserve bank anywhere attempts to achieve zero inflation, because it's not desirable.

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Aurora Complexus Senior Member Offline Australian Politics Posts: 399 New South Whales Gender:	Re: Final budget result delivers $15.8 billion Reply #22 - Oct 2^nd, 2024 at 3:16pm Australia's debt is 35% of GDP (2023) which is much more manageable than America's 120%. We should be wary of importing American talking points.
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SadKangaroo Gold Member Offline #FightStupid Posts: 17269 Mianjin (Brisbane)	Re: Final budget result delivers $15.8 billion Reply #23 - Oct 3^rd, 2024 at 1:27pm So Labor are better economic managers AND we have far more to show for what they spend than we did over the last decade. Of course, this will make the rusted ons lose their mind. The myth of the Coalition being the better economic managers may have finally been broken.
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thegreatdivide

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Re: Final budget result delivers $15.8 billion
Reply #24 - Oct 3^rd, 2024 at 1:42pm

Brian Ross wrote on Sep 30^th, 2024 at 10:50pm:

Bobby. wrote on Sep 30^th, 2024 at 9:29pm:

Brian Ross wrote on Sep 30^th, 2024 at 4:16pm:

Liberals = spend like drunken sailors.

Labor = sensible spenders spend like sensible accountants.

Voters only remember the last Budget results. Tsk, tsk, tsk... Roll Eyes

Both parties - reckless spenders -

big promises can only ever be paid with printed money causing inflation.

Labor promises surpluses and delivers on their promises, Liberals spend like drunken sailors. Tsk, tsk, tsk... Roll Eyes

The result? Labor's on the nose with an electorate which is misled by mainstream economists (hence the nonsense about the desirability of balanced government budgets) , and Dutton may well become PM soon, making Albo a one-termer.

Deplorable.

Mainstream economists are the reason why Trump gets a look-in, in the US; Trump doesn't worry about deficits, unlike bobby and most here who are deluded by the mainstream debt and deficit myth.

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« Last Edit: Oct 3^rd, 2024 at 1:51pm by thegreatdivide »

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lee Gold Member Offline Australian Politics Posts: 17572 Gender:	Re: Final budget result delivers $15.8 billion Reply #25 - Oct 3^rd, 2024 at 1:55pm SadKangaroo wrote on Oct 3^rd, 2024 at 1:27pm: So Labor are better economic managers AND we have far more to show for what they spend than we did over the last decade. Just as well you only go back a decade.
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thegreatdivide

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Re: Final budget result delivers $15.8 billion
Reply #26 - Oct 3^rd, 2024 at 3:01pm

lee wrote on Oct 3^rd, 2024 at 1:55pm:

SadKangaroo wrote on Oct 3^rd, 2024 at 1:27pm:

So Labor are better economic managers AND we have far more to show for what they spend than we did over the last decade.

Just as well you only go back a decade. Wink

Oz's variable terms of trade complicate the picture re good management; iron and coal were/are the source of Oz's prosperity.

But now we have a per capita recession - not very nice for some.

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lee Gold Member Offline Australian Politics Posts: 17572 Gender:	Re: Final budget result delivers $15.8 billion Reply #27 - Oct 7^th, 2024 at 1:30pm "The Australian economy has halted at an aggregate level, as unbudgeted public demand increases." https://kpmg.com/au/en/home/insights/2024/09/economic-outlook-australia-q3-2024....
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